Wednesday, Oct 22, 2008
Aye-Aye-Aye Calm down
Bloomberg: Credit-Rating Companies `Sold Soul,' Employees Said
Same buggers that had Iceland's debts rated at AAA the week before they went into melt down...
So what do they rate US debt at now? AAA? now is that an honest AAA or a fook me we are knackered type AAA! Be honest now Honestly....
I can't judge you... but St Peter will!
Posted by yoss @ 09:00 PM (169 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. whiteknight said...
One of the true sources of the problems we have experienced was the fact that authority was given to a few to pronounce on credit ratings.
Anybody walking around talking about the lack of a free market in the rating of the creditworthiness of people is demonstrating a true understanding of what occurred.
Such people should be listened to.
There are a whole host of other theories put forward about what the problem was. These people are as clueless now as they were when they hadn't even heard of half of the markets, instruments and terminology which they bandy around like experts today. These arguments and sources of problems are wrong.